Mexican Media Brands
China’s Factory Activity at Four-Month Low
Chinese manufacturing is growing more slowly this month that it has since November, according to HSBC Holdings plc.
#economics
Share
Chinese manufacturing is growing more slowly this month that it has since November, according to HSBC Holdings plc.
The London-based bank's preliminary purchasing managers index slid to 50.4 from 52.3 in January. Any reading above 50 indicates expansion. February would be the fourth straight month of growth after 12 months of contraction.
HSBC says export orders dropped, and output and total orders increased at a lower pace. But the bank opines that the Chinese economy remains on track for a gradual recovery.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.